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Author Topic: It's not a good rise, actually it's bad  (Read 428 times)
Bitstar_coin
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February 12, 2021, 11:55:41 AM
 #61

I like the ambitions that Elon Musk has and the charisma that he carries but what's happening right now is very bad. One man has a huge influence on everything, one word of Elon Musk can destroy or rise the things like Phoenix. Tesla invested in Bitcoins and price went from 38K up to 44K in just some hours. Yeah, if Paypal, Visa or any other company bought bitcoin that would happen too but what happens around Musk is very different.
Elon Musk says that Signal is better and everyone moves on that.
Elon Musk says that Doge is a good coin and everyone invest.
Elon Musk says that Bitcoin is a good thing and it rises.
Elon Musk's company invests in bitcoin and it rises.

What if Elon Musk said that he changed his mind and today bitcoin is bad and Ripple is better? I'm saying that just for example. People can't think themselves, they think: If Elon Musk says that something is good, then it's good.

I don't think it's a healthy behaviour from people.

You are actually making a point, a very good one so to speak because it shows the crypto community till now don't have a mind of their own and can be easily influenced, i bet Elon has already noticed this very weakness in the crypto community hence he decided tio play with it, am sure he is having fun messing with peoples head, tweeting from the comfort of his chair and be thinking "how damn easy to fool this people"  Grin

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February 12, 2021, 12:32:25 PM
 #62

I think its amateur buyers who are to blame, Elan said doge is people's coin and people started buying without even knowing that it's a meme coin. If people dont look up for a quick cash and use some logic before buying good couns, these things wont happen.
If dogecoin deserves to lift the price, people will still buy dogecoin, and they will hold it for some time. But if people want to make a big profit, they can choose bitcoin to trade and only hold dogecoin. I think people buy dogecoin because of Elon's tweet, and they think that they do not want to miss the chance to make a profit. They already waiting for a long time to make a profit, and now they see it from dogecoin, so they use their time to buy and sell dogecoin. I do not know if the rise of dogecoin is good or not because I only know that I can profit from dogecoin.

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February 12, 2021, 02:14:13 PM
 #63

I also think the same way at present everything is running smoothly for the crypto market and if Elon said anything negative about the crypto market I am afraid what will happen to the market one can only imagine. So we should trust our analysis too and should not blindly follow anyone. As we all know big players can manipulate the market too So guys do not be greedy exit when you achieve your set target.

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